New York State Teachers Retirement System Purchases 21,143 Shares of The Boeing Company $BA

New York State Teachers Retirement System increased its position in The Boeing Company (NYSE:BA) by 3.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 579,443 shares of the aircraft producer’s stock after purchasing an additional 21,143 shares during the quarter. New York State Teachers Retirement System’s holdings in Boeing were worth $115,327,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its stake in shares of Boeing by 41.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 223,824 shares of the aircraft producer’s stock valued at $48,316,000 after purchasing an additional 65,216 shares in the last quarter. Princeton Capital Management LLC lifted its holdings in Boeing by 78.3% during the 4th quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer’s stock valued at $2,660,000 after purchasing an additional 5,381 shares during the last quarter. Rakuten Investment Management Inc. boosted its position in Boeing by 502.3% in the fourth quarter. Rakuten Investment Management Inc. now owns 103,099 shares of the aircraft producer’s stock valued at $22,398,000 after buying an additional 85,982 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in Boeing in the first quarter valued at about $7,961,000. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in Boeing during the fourth quarter worth about $55,787,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 3.5%

Shares of NYSE:BA opened at $226.18 on Friday. The business has a 50 day moving average of $223.70 and a 200-day moving average of $224.10. The stock has a market cap of $178.30 billion, a PE ratio of 109.80 and a beta of 1.21. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.68) by $0.48. The business had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. Boeing’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.49) EPS. As a group, equities research analysts forecast that The Boeing Company will post -0.15 earnings per share for the current year.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s return to China is driving optimism after China Southern reportedly placed a $3.62 billion order, including seven freighter aircraft, reinforcing demand in one of the world’s largest aviation markets and boosting the company’s backlog. Boeing (BA) Returns To China With Seven Plane Cargo Order From China Southern
• Positive Sentiment: Recent commentary also highlights improving delivery momentum, a sizable defense award, and a softer interest-rate backdrop, all of which are helping sentiment around Boeing’s cash-flow recovery and operational turnaround. Boeing stock gains as delivery recovery, defense backlog and a softer-rate backdrop lift sentiment
• Positive Sentiment: Analysts and market chatter remain constructive ahead of Boeing’s July 28 second-quarter earnings report, with investors watching for further progress in 737 MAX execution, commercial deliveries, and defense backlog growth. Boeing Stock (BA) Opinions on China Order and Earnings Outlook
• Neutral Sentiment: JetZero’s progress on a new aircraft design underscores long-term competitive pressure on Boeing, but it is more of an industry watch item than an immediate driver of today’s trading. In Mojave Desert, startup JetZero builds novel plane to take on Airbus and Boeing
• Negative Sentiment: A lawsuit involving Boeing-owned Wisk Aero over alleged retaliation tied to safety concerns adds another governance and safety headline, which could weigh on sentiment even if the financial impact is indirect. Boeing-owned Wisk Aero accused of firing manager who raised safety concerns
• Negative Sentiment: Reports of an unplanned IT outage that disrupted factory operations from Washington to Florida highlight ongoing operational fragility and could temper enthusiasm around the recovery story. Boeing says ‘unplanned IT outage’ hit computer systems as factory work from Washington to Florida was disrupted

Insider Transactions at Boeing

In other news, Director Bradley D. Tilden acquired 1,370 shares of Boeing stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the transaction, the director directly owned 1,370 shares of the company’s stock, valued at approximately $299,345. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BA. Citigroup raised their target price on Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Wolfe Research restated an “outperform” rating and issued a $275.00 price objective on shares of Boeing in a research report on Thursday, April 23rd. Morgan Stanley boosted their target price on shares of Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Wells Fargo & Company began coverage on shares of Boeing in a research report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price on the stock. Finally, Weiss Ratings cut shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average price target of $261.61.

About Boeing

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.